Cleveland-Cliffs completes acquisition of ArcelorMittal USA

Cleveland-Cliffs Inc. completed the acquisition of substantially all operations of ArcelorMittal USA, forming the largest flat-rolled steel producer in North America. It also acquired Nippon Steel's remaining interests in I/N Tek and I/N Kote for $183 million, becoming sole owner.

“The acquisition by Cleveland-Cliffs of ArcelorMittal USA, boosted by our buyout of Nippon Steel from the I/N Tek and I/N Kote joint ventures, opens a new chapter in the history of the steel business in the United States.”steel-technology.com

• 2 sources
• steel-technology.comDec 10, 2020
• metalcenternews.comCliffs Completes ArcelorMittal USA Acquisition - Metal Center News - Solutions for Profitable DistributionDec 10, 2020

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